AviancaTaca, the parent of Avianca and TACA, said preliminary results of its IPO reveal that the requests for shares exceeded $1.5 billion, more than five times the initial offering of 100 million shares priced at a total $250 million.

AviancaTaca, the parent of Avianca and TACA, said preliminary results of its IPO reveal that the requests for shares exceeded $1.5 billion, more than five times the initial offering of 100 million shares priced at a total $250 million (ATW Daily News, March 31). The validation process of the requests starts Monday with the share allocation to be made between April 29 and May 5, the holding company said in a statement.
The new shares will begin trading May 11 on the Colombian Stock ...